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Algae Omega-3 Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Algae Omega 3 Ingredients Market is Segmented by Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), and EPA/DHA); by Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, and Animal Nutrition); and by Geography.

Home Market Analysis Food & Beverage Research Food Ingredients and Food Additives Research Functional Food Ingredients Research Omega 3 Ingredients Research Algae Omega 3 Ingredients Research Algae Omega-3 Ingredients Industry

Algae Omega-3 Ingredients Market Size

Algae Omega-3 Ingredients Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.11 Billion
Market Size (2029) USD 2.07 Billion
CAGR (2024 - 2029) 13.36 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Algae Omega-3 Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Algae Omega-3 Ingredients Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Algae Omega-3 Ingredients Market Analysis

The Algae Omega-3 Ingredients Market size is estimated at USD 1.11 billion in 2024, and is expected to reach USD 2.07 billion by 2029, growing at a CAGR of 13.36% during the forecast period (2024-2029).

  • Omega-3 oils are essential fatty acids that have a broad range of health benefits, including cardiovascular, eye, and brain health. More specifically, omega-3 fatty acids are of three main types, alphalinolenic acid (ALA), eicosapentaenoic acid (EPA), and docosahexaenoic acid (DHA). Omega-3 products are consumed in the form of supplements and are also an important ingredient in a number of food products including, functional foods, infant formulae and others.
  • Algal oil is gaining popularity among vegans and other people who want a source of long-chain omega-3 fatty acids (EPA and DHA). It does not pose the risk of contamination with pollutants, such as polychlorinated biphenyls.
  • Globally, algae omega-3 ingredients are gaining prominence and becoming a part of the consumer's daily diet. The key reasons for this change have been the increased prevalence of lifestyle diseases and people taking preventive healthcare measures.
  • The impact of the COVID-19 resulted in the generation of opportunities for manufacturers of health-oriented products, especially dietary supplements. The respective market has been prompted with the increase in consumer perception of these products to be helpful in maintaining immunity and its efficiency in fighting with the deadly virus. This in turn surges the demand for associated ingredients including algae omega-3.

Algae Omega-3 Ingredients Market Trends

This section covers the major market trends shaping the Algae Omega-3 Ingredients Market according to our research experts:

Increasing Demand for EPA/DHA-Based Algae Omega-3 in Infant Formulations

The market studied is being dominantly driven by the increasing demand for infant formula products in developing regions. China is the world's largest consumer of infant formula products, due to the high birth rate in the country. DHA and EPA are essential for infant brain development and immunity strength. DHA has well-established legal strains for incorporation into infant formula products in different regulations and WHO recommendations. Infant formula holds the major market share for algae omega-3 consumer products in China.

According to a Norwegian study, omega-3 demonstrates a positive effect on a child's brain and enhances a child's problem-solving abilities. According to recent research studies, high doses of DHA in baby formula or breast milk can have a positive effect on the growth of pre-term infants, such as an increase in height. In countries, such as China, where both the adult population and infant population are on the rise, the demand for infant nutrition and baby food is constantly increasing. The demand for infant nutrition fortified with omega-3 is increasing from the parents who have busy lifestyles and less time to prepare meals.

Algae Omega-3 Ingredients Market: Market Size (%), by Region, Global, 2019

North America Holds the Largest Market Share

United States in North America accounts for the largest share in the global algae omega 3 ingredient market. This is due to the increased consumption of Omega 3 supplements, fortified foods and rising awareness regarding the health benefits of Omega 3. Also, domestic expansion of the leading companies and frequent launches of products with enhanced formulations have further fueled the market growth in the region. 

In the United States, docosahexaenoic acid (DHA) is a major ingredient that is being used in infant nutrition. Almost all the brands offering infant nutrition formula in the country uses DHA as an ingredient that adds to the cost of formula, which is augmenting the growth of algae omega-3 ingredients market in the country. For instance, Enfamil, a US-based company offers Enfagrow A+ Stage 4 Nutritional Milk Powder, which consists of DHA, along with other essential prebiotics and micronutrients.

Algae Omega-3 Ingredients Market: Market Share (%), By Type, Global, 2019

Algae Omega-3 Ingredients Industry Overview

The global algae omega-3 ingredients market is fragmented, as key players, like Koninklijke DSM N.V, Corbion, BASF, Polaris S.A., and Neptune Wellness Solutions Inc. are facing competition from local players across various regions. Partnerships remained the most common strategy. Key players, like ADM, Koninklijke DSM N.V, and Neptune Wellness Solutions Inc. are focusing on partnerships and joint ventures to increase their production capabilities and consumer base across various regions.

Algae Omega-3 Ingredients Market Leaders

  1. Archer Daniels Midland Company

  2. Koninklijke DSM N.V.

  3. Corbion N.V.

  4. Neptune Wellness Solutions

  5. Polaris

*Disclaimer: Major Players sorted in no particular order

Algae Omega-3 Ingredients Market Concentration
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Algae Omega-3 Ingredients Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Eicosapentanoic Acid (EPA)

      2. 5.1.2 Docosahexaenoic Acid (DHA)

      3. 5.1.3 EPA/DHA

    2. 5.2 By Application

      1. 5.2.1 Food and Beverages

      2. 5.2.2 Dietary Supplements

      3. 5.2.3 Pharmaceuticals

      4. 5.2.4 Animal Nutrition

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Leading Players

    2. 6.2 Market Positioning Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Archer Daniels Midland Company

      2. 6.3.2 Koninklijke DSM N.V.

      3. 6.3.3 Corbion N.V.

      4. 6.3.4 Neptune Wellness Solutions

      5. 6.3.5 Source Omega LLC

      6. 6.3.6 POLARIS

      7. 6.3.7 BASF SE

      8. 6.3.8 Novotech Nutraceuticals Inc.

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

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Algae Omega-3 Ingredients Industry Segmentation

The global algae omega-3 ingredients market offers ingredient types such as Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA), and EPA/DHA applicable to food and beverage, dietary supplements, pharmaceuticals, and animal nutrition. By geography, the market studied covers the major countries in the region, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Eicosapentanoic Acid (EPA)
Docosahexaenoic Acid (DHA)
EPA/DHA
By Application
Food and Beverages
Dietary Supplements
Pharmaceuticals
Animal Nutrition
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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Algae Omega-3 Ingredients Market Research FAQs

The Algae Omega-3 Ingredients Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 13.36% to reach USD 2.07 billion by 2029.

In 2024, the Algae Omega-3 Ingredients Market size is expected to reach USD 1.11 billion.

Archer Daniels Midland Company, Koninklijke DSM N.V., Corbion N.V., Neptune Wellness Solutions and Polaris are the major companies operating in the Algae Omega-3 Ingredients Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Algae Omega-3 Ingredients Market.

In 2023, the Algae Omega-3 Ingredients Market size was estimated at USD 0.98 billion. The report covers the Algae Omega-3 Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Algae Omega-3 Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Algae Omega-3 Ingredients Industry Report

Statistics for the 2024 Algae Omega-3 Ingredients market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Algae Omega-3 Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Algae Omega-3 Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)